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DOI:10.1108/IJSE-04-2012-0134 - Corpus ID: 85550124
@article{Brahmana2014MoonPE, title={Moon phase effect on investor psychology and stock trading performance}, author={Rayenda Khresna Brahmana and Chee-Wooi Hooy and Zamri Ahmad}, journal={International Journal of Social Economics}, year={2014}, volume={41}, pages={182-200}, url={https://api.semanticscholar.org/CorpusID:85550124}}- R. Brahmana, C. Hooy, Zamri Ahmad
- Published 24 July 2014
- Psychology
- International Journal of Social Economics
Purpose - – This article aims to examine how investor moods and aggressiveness differ in their state and influence investor stock market performance associated with the moon phase. The mechanisms and impact of full moon gravity on investor stock trading performance are explored through an experimental approach and econometrics model. Design/methodology/approach - – A time-series quasi-experimental study, using the full moon and new moon time periods, was coupled with a psychometric test of…
10 Citations
6
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10 Citations
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Purpose – The paper examines the popular belief that the cycles of the moon affect human moods, which is then reflected in investor behaviour. Hence, the relation between lunar phases and equity…
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PurposeThe purpose of this paper is to investigate whether sentiment and mood, which are distinct theoretical concepts, can also be distinguished empirically.Design/methodology/approachUsing a…
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This study aims to reveal the mechanism of the influences of the full moon and high temperatures on investors’ Monday irrationality. In contrast to other studies, this research was built under a…
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Purpose - This research aims to explore and explain the determinants of irrational financial decision making, especially the day-of-the week anomaly, by using psychological approach.…
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This study is a pioneer in academic literature to investigate the relationship between Valentine’s Day and stock market returns of major economies around the world. The findings indicate that stock…
- 1
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This article provides an alternative theoretical framework to explain investors’ irrational behaviours in finance theories (mainly asset pricing) based on psychoanalysis approach. This is an approach…
- 12
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- Narimen YousfiM. JourkeshMiloš MiloševićKarim Chamari
- 2023
Environmental Science
Biological Rhythm Research
ABSTRACT The moon’s influence on human physiology and behavior has been a topic of interest, with studies exploring its potential impact on sleep and physical activity. However, findings have been…
- 1
- Narimen YousfiMohamed Arbi Mejri K. Chamari
- 2019
Environmental Science, Medicine
The Journal of sports medicine and physical…
Analysis of variance tests showed that no significant differences were found between the three moon phases in all analyzed variables, and showed that the different lunar cycle phases did not have significant effects on the selected physical performances and psychological indices in trained athletes.
- 5
- Narimen YousfiS. MrabetH. Ben SaadK. Chamari
- 2023
Medicine, Environmental Science
The Libyan journal of medicine
The authors of this letter call for future studies to investigate the possible effects of the lunar cycle on MS activity and course, given evidence suggesting that the lunar Cycle may affect sleep, fatigue, melatonin secretion, and mood state in humans.
- J. Vilchez
- 2018
Philosophy, Psychology
Journal of Religion and Health
Cognition is an efficient but limited system that deals with mundane tasks and outputs from previous episodes of reasoning turn into pieces of implicit information that constitute the meanings that the authors give to things or circ*mstances and become the general framework where other reasonings occur.
- 7
54 References
- Rayenda Khresna BrahmanC. HooyZamri Ahmad
- 2014
Environmental Science
This is an empirical study on the inluences of moon on seven stock markets, which areIndonesia, Malaysia, United Kingdom, United States, Philippines, Japan, and Thailand. Theperiod is from January…
- Lu ZhengKathy YuanQiaoqiao Zhu
- 2001
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This paper investigates the relation between lunar phases and stock market returns of 48 countries. The findings indicate that stock returns are lower on the days around a full moon than on the days…
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- A. Herbst
- 2007
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Popular culture and folklore have long recognized the influence of the lunar cycle on plant, animal, and human behavior. Many of the effects have been validated in the physical and biological…
- 18
- Qinghui Gao
- 2009
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2009 International Conference on Business…
The author concludes that lunar phases do affect stock returns in china, and the culture is one of the factors which affect investor’s sentiment and behavior and then affects stock returns.
- 12
- R. BrahmanaC. HooyZamri Ahmad
- 2012
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Purpose - This research aims to explore and explain the determinants of irrational financial decision making, especially the day-of-the week anomaly, by using psychological approach.…
- 37
- PDF
- J. BollenHuina MaoXiao-Jun Zeng
- 2011
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- 4,746
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- 1994
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In its attempt to model financial markets and the behavior of firms, modern finance theory starts from a set of normatively appealing axioms about individual behavior. Specifically, people are said…
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- Ilia D. DichevTroy D. Janes
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We find strong lunar cycle effects in stock returns. Specifically, returns in the 15 days around new moon dates are about double the returns in the 15 days around full moon dates. This pattern of…
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- N. SivakumarS. Sathyanarayanan
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Indian culture has popularly believed that the moon has a close relation with human thinking and decision making. The impact of the moon on human behaviour has been an important aspect of research…
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- Alexandros Benos
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